CME Nears Deal to Sell Chicago Board of Trade Site

By

Maura Webber Sadovi

Updated Feb. 8, 2012 6:06 p.m. ET

CME Group Inc. is close to a deal to sell most of the historic Chicago Board of Trade building for between $150 million and $180 million to a group that includes Chicago developer GlenStar Properties LLC, USAA Real Estate Co. and a Canadian pension fund, according to a person familiar with the matter.

The group is in advanced talks to buy the north and south towers of the 80-year-old Art Deco property that has become a symbol of the...